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and i were in these chairs talking about the fiscal cliff. now the debt ceiling. do you want to have this discussion two months from now? >> i think everybody believes this debt ceiling will be extended. jared, you know these guys well. you worked right there with vice president biden. let me get your take on this. if we keep fighting about spending cuts and raeni ireinine spending, how come we haven't seen any real proposals for spending cuts? are we going to see that, you think? >> i do think so. i think we have to go through this, unfortunately. at least recent history suggests we have to go through this crisis mentality to get there. thus far, there's been $1.5 trillion in spending cuts that have been made. they're on the books. there's been $600 billion in tax increases made on the books. that's over $2 trillion in deficit reduction over ten years. doesn't get us all the way there, but it does get us largely about two-thirds of the way there to debt stabilization, at least within a ten-year budget window. >> russ, what do you think? of course, we are approaching this with cautio
term. we do have some issues coming up. the debt ceiling obviously one of them. the second question is we start to get the economic data. how big of a hit from the tax increaseses, payroll tax holiday, and what do those numbers which may be a bit on the soft side do to stocks? >> absolutely. that is the question of the day, isn't it, jared. the ceiling debate, the u.s. set to hit that $16 trillion limit on borrowing in the next month if we haven't hit it yet. let's take a listen to what president obama had to say about the potential battle looming in congress. >> markets could go haywire, interest rates would spike for anybody who borrows money. every homeowner with a mortgage, every student with a college loan, every small business own whole wants to grow and hire. >> jared, how does this play out? >> well, we're beginning to hear lots of sounds from republicans that we're in a compromising mode than we heard, say, a week ago. right now they're talking about perhaps an increase in the debt ceiling that lasts for a couple of months, that is offering that to the president. frankly, a
include a provision in the debt ceiling legislation saying that lawmakers will not be paid if they do not pass a budget blueprint. was it right to step back from challenging the president over raising the debt ceiling? >> well, i think the house proposal is a step in the right direction. no doubt the senate hasn't done it's job. it's been nearly four years since it's passed a budget. but it doesn't go nearly far enough. we have a crisis. i just got back last week from afghanistan. and i had multiple servicemen and women clasp me on the arm and say, please do something about the debt and deficit. we're bankrupting the country. that's what the american people are looking for. and to date, politicians have both parties have been unwilling to take even a tiny step in the right direction. we've got to fix the problem. >> the senate has to pass a budget. do you believe that? >> i do. >> why has it been four years since you've done that? >> well, let me answer this. this was a major victory for the president. the republicans have now twice lost out on fiscal issues in the last month. first f
until that happens. urn the legislation, they suspend the debt ceiling through may 18th, and congress raises the by whatever debt was incurred at the time. i don't know how you do that. just expand the ceiling. just not going to pay the credit cards. we don't care. meanwhile, as the dead line approaches, there's a chance the tax refund could be at risk. joining me is the managing direct for wealth health financial planning. rich, great to have you on the show. here's the deal. so congress has enough money to go through february 15th, mid february, about the time everybody starts trying to get the tax refunds. they file taxes. now, i know you are against refunds, but do you think it's possible they delay refunds? >> i'm hopeful it's not. i think the reality is congress will do the right thing. possibly suspend the debt ceiling, allow for, you know, lenders to get paid both, you know, people holding treasuries as well as people who are actually lending the government money expecting a refund. gerri: if this gambit from the republicans does not work, are some at risk after not getting th
of the market. the next 45 to 60 days has incredible uncertainty. the debt ceiling, obviously. three months is not a long period if that is the extension. i don't think it should be part of the negotiation. reagan actually raised it 17 times. the sequestration would be negative. >>neil: did you feel that way when every democratic including then senator obama voted against it? >> i would have told him he was wrong. i think it should not be part of negotiation. >>neil: you do not like the extension because it doesn't address it? >> three months doesn't do anything. >>neil: how will wall street be in the remaining weeks? >> nervous about the debt ceiling and sequestration that hurtd g.d.p. and the fiscal deal. again, everyone wants deficit reduction. they do not want debt pour on. >> do you believe there is still an appetite to cut spending? this is a walkway that will connect the white house and the reviewing stand and the motorcade is going to the south side of the white house behind the white house, and the back of this building right now and they go to the white house to this walkway just
. gerri: what do you think? should they use the debt ceiling? >> ultimately, short. two tools that are very real and very powerful coming up. obama has tried to demonize the debt ceiling. okay. set it back with a condition. okay democrats in the senate. you have not passed a budget in three years. the reason why the democrats have control of the senate is that harry reid has said democratic senators in the witness protection program with ever -- whenever budget issues come up. twenty democrats are up for election in 2014. half of them should not be coming back of the continue to vote with obama on tax and spend crazy debt policies which is what they have been doing. i think it is very important for the american people to see what the senate has not done and to force them to act but that. gerri: you sure can't act -- argue with that. the senate has not passed a budget and 1,361 days. let me get a comment. it would stop pay to members of congress if they don't do some of these things, if they don't get a budget resolution. you in favor of that? >> i think it's a good idea for tw
down the road until april, the debt ceiling, let you raise the debt ceiling and violate the things we promised we wouldn't do to the people that elected us. in return, you guys, senate democrats come up with a budget and you haven't passed one in 1300 some days. chuck schumer says i'll make a deal and take you up on the offer guess what, in the new budget we're going to tax more, tax all you people to agreed to the deal that they just came to january 1st, that deal is done we'll keep that and give another, another bite of at that apple. stuart: this is a financial issue. it's a budget issue, so they need a straight up or down vote in the senate and the democrats have a majority in the senate, but i'll put it to you, a couple of democrats there, who are going to say we're not all for more and more and more taxes because we know what it's going to do to the economy. it's not a done deal, is it? they're pushing for it, but it ain't done. >> listen, harry reid, remember when john boehner was going to bring the vote to the house and he didn't have the votes after he'd said i'm going to bri
have gotten a hint on that when republicans said they would look at eight debt ceiling it ascension back ago, probably, three months. what do you make of that? don: they would be blamed, roundly, thoroughly if the country went into some kind of default. the strategy, as you have been reporting, has been to try to take this issue off the table and then fight the battle over spending cuts when you have a sequestration cuts scheduled to start march 1. the current resolution running the government also running out into her three months from now. as well as, the debt ceiling having to be raised yet again. republicans hope this is when they will be able to get the leverage to push spending cuts and entitlement reform. neil: you know, peter, what we look at -- how does that decide? there is a protocol. sitting in and around that i see ron emanuel sitting close to president clinton, how are those seats sold out? >> by protocol and tradition, all former presidents are invited, of course. both president bush, 41 and 43 the client to come. i believe president carter is not attending, but presi
. and then with the debt ceiling, same thing. i do think there's some evidence that republicans are saying, you know, in part for public image reasons but maybe in part because of good economic reasons, we can't keep whacking away at the economy like this to please our base we ha. >> it's not about the two parties necessarily shifting their philosophical positions or moving together but more of a practical decision by the house leadership to recognize the limits on what they can accomplish with the majority in the house and the limits in terms of the public support for their position. you know, one of the things, chuck, the president used the campaign to do was to try to lay out in front of the public the competing visions for approaches to economic growth and deficit reduction. he feels like he's been vindicated, and i think republicans in the votes that jared was just talking about str recognized he has a point. >> yeah, but, john, it all boils down to there's a very different vision when you're talking about a government that takes about 23%, 24% of gdp and one at 20%, 21% like budget chairman ry
, will have to get beyond this fiscal crisis and the debt ceiling debate. he can only do so by offering an exchange for, in exchange for any kind of new revenues to help balance books and increase the debt, some form of entitlement reform, some kind of curb of the growth of spending for medicare. no, for example, president obama said today and these are ringing in the ears of conservatives, social security does not make us a nation of takers. you heard in the campaign about the makers and takers. they freed us to take make the country great. no sign he is prepared to pare down on the programs or cut them. he made clear in the speech between lines he will take a partisan stance on these issues that don't, that isn't going to breed consensus. not going to be able to make a centrist climate change plan pass the congress, a centrist immigration reform plan or any kind of gun control that republicans would ever vote for. shepard: it is astounding. introductions for lunch. let's listen. statuary hall. shepard: the vice president came in with his wife, dr. jill biden. then, they stick to scrip
we were going to fight raising the debt ceiling until we got dollar for dollar spending cuts now we're going to hold a vote that is going to be held wednesday to raise the debt ceiling temporarily. why would they do something like this, which might seem at first blush to be backing down. there were a couple of reasons, scott. first of all they looked at polling when they were out there at that retreat it looks like the polling that you were just talking about. it showed that americans by a pretty significant margin trust the president over house republicans when it comes to things like the deficit which is one of their signature issues. and spending and the economy. what republican leaders were trying to convey to some of their more junior members, perhaps who like the idea of really holding the white house's feet to the fire on issues like this, if we want to be seen as a governing party not just an opposition party that is constantly threatening to take the government in to a shutdown or default we are going to have to show that we are reasonable. and the fact is that they are goi
the cliff on the debt ceiling. >> if you do talk to republicans, they'll tell you this is a president, very confident from his re-election. some might use the word cocky, and that he has become more partisan and more hard nosed. would you agree with that sae assessment? >> and is it by necessity or choice? >> no, i think he's become -- he's practical. and if the other side is going to take a position that they're going to oppose you on every initiative, you have to seek national support. in a democracy, people push policy forward not the politicians and so that's a lesson that he has drawn from the first term. that said, as far as i can -- as i know, and as i know him, his door is always open to people who are willing to work together to solve problems and one hopes in the next four years there will be a spirit of cooperation. understand we're never going to agree on anything. that's why we have two parties. in order to move the country forward we have to move together. >> david axelrod, always good to see you. >> good to see you, savannah. >> i know you'll be watching. we will have more on
was to do an increase in the debt ceiling, in exchange for cutbacks in so security cost-of-living adjustments. john boehner and republicans decided they want to have an argument over the debt ceiling, because of the new year we will be better positioned. they quickly have realized that is not going to be the lever they thought it would be. host: you have covered three presidents, clinton, bush, and now president obama. people say the political divide between these branches is stronger now than it has been in years. you agree or disagree? guest: i absolutely agree. host: why/ guest: i think it is a building that has been taking place frankly since the past couple administrations. it was the war in iraq. for the republicans, the government spending. it is also the election system and the way we run our primaries. we have a more ideological- purified house of representatives than we have had in a very long time. that is because some people would argue redistricting, as well, which in the past election both parties to it. in the states where democrats are not in control they
on the debt ceiling debate. >> america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. the financial well-being of the american people is not leveraged to be used. the full faith and credit of the united states of america is not a bargaining chip. >> america has a debt problem and a failure of leadership. americans deserve better, and therefore intend to oppose the effort to increase america's debt limit. senator barack obama, march 16, 2006. >> it is not good for obama. he was also -- he also knew that his vote would not make a difference. >> come on. he said what he said pier do not cover for him. >> people do different things at different times. >> there is a deeply depressing column by david brooks in "the new york times" that says the era of the grand bargain, as he calls it, is over. there was a feeling over the past couple of years that both sides would cut taxes and raise entitlements and get a grand bargain. that seemed to be a lost opportunity. obama seems to be moving away from it, congress may hav
. and more instance show downs are looming. one example the debt creel and controlli -- debt ceiling and what americans describe as out of control spending. what do key republicans take with the attitude toward congress at this point? >> to get real solutions president obama needs to understand what will pass in the republican led house. it will also be acceptable to him. lawmakers tend to be unhappy when the president goes around them. they called on mr. obama to do better. >> he speaks in general terms likes the executive order approach a whole lot better than the legislative approach. you can't get all that foreign with executive order. you have to legislate and you have to legislate realistically. you have to realize you don't control the entire congress. >> republicans don't like that the president is converting his campaign apparatus into a purpose that helped him in his second term. they are thinking that is probably not a good sign in working in a bipartisan fashion. >> one area where they do not agree at all is over the budget. it>> it has been a source of problems when they work on
washington and that is what are we going to do about raising the debt ceiling. the republicans decided earlier today that they will do that and they're going to introduce legislation to do it on wednesday. we got a few more details now. they will extend the debt ceiling to may 19, to go to may 19. but if congress does not get a budget done by april 15, i believe it is, then congress' salary will be held in abeyance. in other words, they won't get paid unless they can agree on a budget. so there's a lot of politics in this but i think this would be seen as a good sign that maybe they are going to at least get past this which would have been just a destructive and largely a waste of time when they should be getting on to other things and make the arguments about what we're going to spend the money on, not whether we pay the bills for things we've already purchased. so i think this is probably the best news we've heard today. >> pelley: the president met with the republican leadership at the white house today before he came up there. looks like there's a lot of effort going on by the pres
, spending that we should do, and forget about the debt ceiling guess what we could go to work and have about 3% unemployment. how does that affect sound? >> bill: i don't know. it sounds to me like you ought to run the next time around. you've got it down. absolutely. >> that's good program, a good plan. if president obama follows that plan. >> have a good time tonight, be careful, bill. >> all right ike. we will have to be more careful than last time we were in charleston south carolina. >> uh-huh. >> good to hear. >> he is on top of it. >> he knows what he is talking about. >> one of the few people in south carolina. >> we ought to send him over to see lindsey graham. ann calling from irvington, new jersey. >> good morning, bill. how are you >> bill: good. >> caller: nice to see you. listen, i want the president to stand firm and keep up the good work and hopefully everything will be good for him in his second term, but especially immigration reform and gun control. he cannot let the republicans make him, you know -- he has to be firm. >>
to be working for the debt ceiling debate.at expect every major issue in the coming months and years to be a major campaign style eve. >> obviously it sounds like there will be a lot of focus domestic issues. what about foreign policy? >> history shows us that presidents in their second term focus more on foreign policy than the first term and try to forge a legacy. bill clinton did that in his second term. barack obama will try to focus more on the middle east, maybe more on syria. the most pressing issues are domestic. his voters expect him toct on that. he will attack in the first two years. history also tells us after the midterm election of a second term president start to fade away into sort of a lame duck status. >> interesting analysis there. thank you very much, max. in more international news suicide bombers and gunmen attacked afghanistan's travel police leaving three officers dead and more than three wounded. rather assault began at dawn at the entrance to the complex, the second coordinated raid in as many weeks. taliban claim responsibility. it is feared there could be
it work for the fiscal cliff debate. seems to be working for the debt ceiling debate. expect every major issue in the coming months and years to be a major campaign style event. >> obviously it sounds like there will be a lot of focus domestic issues. what about foreign policy? >> history shows us that presidents in their second term focus more on foreign policy than the first term and try to forge a legacy. bill clinton did that in his second term. barack obama will try to focus more on the middle east, maybe more on syria. the most pressing issues are domestic. his voters expect him to act on that. he will attack in the first two years. history also tells us after the midterm election of a second term president start to fade away into sort of a lame duck status. >> interesting analysis there. thank you very much, max. in more international news suicide bombers and gunmen attacked afghanistan's travel police leaving three officers dead and more than three wounded. rather assault began at dawn at the entrance to the complex, the second coordinated raid in as many weeks. taliban claim res
, but the democrats now are saying, listen, forget the debt ceiling. let's get rid of that silly little thing. but do we actually need a budget? >> so we're learning that we may finally get a budget for the first time in what, three years? significant, though, because these are just templates. >> i great, they are templates. but letting go at a time when the debt is compounding is worrying. however, having said that, you can get worried about that as a market participant, but as long as the federal reserve has open ended quantitative easing, nothing is going to happen from the long end. >> from a market point of view, we were talking about allen capper about this last hour. but from a market point of view, the best outcome is something that lowers the long-term debt outcome. but we keep get ago worsening of the long-term debt profile and a hit to the near term. that is a mix that markets understandably don't like. >> and as long as the fed is funding the federal authority so cheaply, what's their incentive to fix anything? they don't care about the long-term debt profile. they don't be here when that
along, the debt ceiling, which -- we don't use that tool, either and apparently we don't use any tool it takes to get our credit situation where it needs to be. but, passing a budget would be a big moment and i'd like to see us do that. >> chris: let's talk about a couple of the tools you could conceivably use. and that raises the question, when should republicans make their stand on spending cuts? some people are saying, do it on march 1st. when the automatic sequestration cuts, $100 billion, for the next year, would kick in and that you use that as an opportunity to demand the spending cuts. others would say, march 27th, when you run out of money and the government would shut down. is there a point, there, that you see, when you think congressional republicans, house and senate, could say here's what we'll demand, serious spending cuts? >> well, i think all three of the points, the two you mentioned and later, either right now, at the end of february or if we kick it forward to the end of april, the debt ceiling itself, they all become moments to talk about spending sequestration, i
of addressing? why we continue to do that? we don't have a debt ceiling is my contention because every time we run against it, we increase it. so what we have to do is take time out. this government is twice the size it was 11 years ago. there's a lot of great things the government does. a lot of great things the government does not within the enumerated powers, but the first thing before we touch either of those two things, let's get rid of this stuff that doesn't work. and say to the american people, we flipped the last 30 years in this country off of the next 30. all of us are going to have to participate in paying to get out of this hole if in fact you care about your children. i had this experience in oklahoma city town hall meeting. try care for retired military was put in 1995. everybody before that, when they recruit in the military was told you cannot health care when you retire the space available basis at a military hospital. i've not heard that from hardly anybody that is written to me that retired before 1995. they promised me health care for the rest of my life. pedestal as promi
on the debt ceiling issue. so what issue will they draw the line in the sand on, do you think? >> the sequestration on march 1, president obama doesn't get serious about spending and entitlement reform, ashley. $85 billion will be cut out of next year's budget that will be extraordinarily bad for the department of defense the worst people on medicare, etc. the president keeps talking and not acting, the consequences are going to get every single american. the march 1 deadline is a good deadline. ashley: to the republicans caved because they realized they couldn't win that battle? >> yes. they heard from their constituents and people generally reported, supportive of candidates, saying generally there is no way you can't raise the debt ceiling because it is a risk and if republicans want to keep playing this, they would have to rally against them, would have tanked and taken the blame. ashley: didn't the g.o.p. have a good point? what does that say to the hard-working taxpayers? >> that same interview you showed just now, they will. i do think is unconstitutional, people know m
in exchange for cooperation on the debt ceiling. republican senator roy blunt of missouri says president obama should study president lincoln. >> when hard things get done, they get done because a president decided he was going to do what was necessary to get them done and that means you got to realistically look at the world you live in and the washington you've been given by the american voters to work with. >> reporter: and that means a divided congress and another election season not far away. melanie alnwick, fox 5 news. >> let's bring in now fox 5 political analyst mark plotkin on this discussion about the inauguration and expand a little bit on some of the president's accomplishments and his challenges coming up his second term, mark. let's start with his accomplishments in the first four years. what would you say some of the biggest accomplishments the president made? >> you have to start with health insurance. that's when had he a democratic -- when he had a democratic house and senate. that was his chief legislative goal and he accomplished that. killing osama bin laden, maybe it i
in brinksmanship and take us to the edge of the fiscal cliff where the edge of the debt ceiling. that is part of it. the democrats feel they have the political advantage. i think what we saw today was the president giving and not to republicans say we have to do something to rein in the deficit but quickly coming back and saying, we are not plan to undermine such as security, medicare, medicaid. politically he is in an advantageous posture with regard to the major entitlement programs. melissa: that all sounds true. the problem is the origin of all of this debt are those entitlement programs. if we don't get them under control we are looking at the national debt when the president took office. it is now 16. that is the 60 percent increase over that time frame. i mean, without tackling those entitlements, i don't know how you get that crazy balloon under control. >> in the president's continues to have an interest in spending, taxing, and that think the reason they have the momentum is that the gop for all intents and purposes has given up the moral high ground. the biggest momentum that the republi
the debt ceiling for three months and tell democrats we will do what no label said they will do. we will say pass a budget for the first time in four years, democrats. we will pass a budget and work together to try to solve the crisis. >> for almost seems like the hard thing, neither side wants to have to do. at some point, we will go off a cliff as a country and as a society. we have to do hard things in order to get the fiscal situation under control so that we don't pass down to our children a terrible economy and terrible future financially and also in terms of guns. other social issues. the issues related to the gun issue. mental health and violence in the media. we have to do this. both parties do not want to do the hard things. >> you make an interesting point. all have a cost whether it's a financial cost or emotional cost. it has a cost to the greater society and what the american people i think have been saying for about four or five years now, maybe you would agree with that. going back to the tail end of the bush years. that stood out in stark c
've offered a solution to the debt ceiling which was our next looming crisis. do you think this is a new period we are entering into? >> i'm hopeful we can be focused on solutions and going forward. i think the american people deserve no less. there are some very vexing problems facing our country. brian, there has been a lot of discussion about those throughout the last election, as well as the last couple of months. hopefully, we turn the page and try to solve those problems, as you suggest, house republicans are coming forward with a solution to get things back to working, so that, frankly, more americans lives begin to work again. >> how does it feel for your party? the white house correspondent for "the new york times" was with us and saying this is the first time in so many years where the defeated candidate, in this case, mitt romney, is not on the inaugural stand and not part of today and out in la jolla, california. it ended strangely for the republican side this time. how do you feel for your party? >> you know, i'm confident in our party's vision and constitutionally limited g
than that. is it possible to get immigration, gun control, the debt ceiling, really think about how you curb spending, et cetera, et cetera, et cetera, climate control, energy policy -- all done in that one to two-year window. >> i think that we will be able to do most, if not all of those things. and certainly attempt to do all of them. all of them are important issues. all of them are things the president cares deeply about that many members of congress care deeply about. but most importantly, they're things that the american people care about. with that momentum going forward, we'll try to tackle them. >> joaquin, nice to have you with us. we appreciate it. have a great afternoon and great day. let's bring in jeff toobin, who is right over here. i want to show people how close we are to the capitol. jeff, if you look up here, this is the perfect view to watch the president being sworn in. >> it really is great. one of the things you don't realize is how close they are together. it is a very ipt mat scene up there. the chief justice of the united states, as famous and powerful as he i
you say about that? >> i think there is two points here. one, as it relates to the debt ceiling, it's not a forward-looking vehicle that authorizes the president or the congress to spend additional money. it's a backward looking vehicle that authorizes us to pate bills that we've already incurred. now, as it relates to the spending issue that we have, clearly we have to figure out a way to make sure that the programs that are important to us, both on the domestic spending side, military side, that are vital to the american people are sustainable in a fiscally responsible way. i think the american people are right to be concerned and hopefully the congress moving forward we can find common ground, both sides of the aisle, come together and do what's right to make sure that not just this generation, but our children and our grandchildren can continue to experience american prosperity. >> gretchen: that's what a lot of people are concerned about. big day for you as a freshman congressman waiting to attend your first presidential inauguration. have a wonderful day, democrat from new yor
're coming into it with bad feelings because the spending cuts and the debt ceiling, spending was pushed out of this big compromise that scared us with the word "cliff" that was somehow created by the media. where we stand today, the president hitting the note of we, the people, we have to work together seems to be somewhat of an effective flash point because people are there and see it nowhere more than on economic questions. so when we were asking people around the country what do you want to see? going together, almost like a couple were two ideas, one, you have to stop the left/right game. it's too much. we know that is your game but you must stop it and he seemed to respond to that. where they want to see that stop the most is on the creation of jobs. they condemn the stock market. that 'not where the country is. we're hurting and you'll see it. here's what people had to say about what they want the president to do, what he must do to succeed when it comes to the economy. ♪ >> i want to tell the president about the economy to stop spending money that we don't have. it's nice to want t
a vote on the debt ceiling. so it just -- >> on wednesday. >> only gets better. >> yeah. at this point, we are in the middle of a process of governing that's going to get very hot very fast this week with the debt ceiling vote in the house and potentially a filibuster vote in the senate. the president speaking to some of those matters at least in the second inaugural. not a state of the union but had a lot of specifics in it. you are watching msnbc's live continuing coverage of president obama's second inauguration. we'll be right back. have given way to sleeping. tossing and turning where sleepless nights yield to restful sleep. and lunesta®(eszopiclone) can help you get there. like it has for so many people before. when taking lunesta, don't drive or operate machinery until you feel fully awake. walking, eating, driving, or engaging in other activities while asleep, without remembering it the next day, have been reported. lunesta should not be taken together with alcohol. abnormal behaviors may include aggressiveness, agitation, hallucinations, or confusion. in depressed patients, w
Search Results 0 to 45 of about 46 (some duplicates have been removed)